This guest post is by Kevin Muldoon from wordpress Mods.
As I used to run a few poker discussion forums and information websites, has a big part of my income in the past few years poker referral commissions. Commissions are decreased each month over the past few years, which is not a big shock since I sold my last gaming related site about five years ago. What was a big shock was the recent poker ban in the US, resulting in thousands of dollars each month to be taken away from me.
Oddly enough, this has not necessarily been a bad thing for me — to the contrary. Have a constant stream of income each month for years was great, although it made me lazy in many ways. With these committees disappeared from my monthly income, have I found myself really focused to get things done and to get things done faster.
The first thing on my agenda was to reduce outgoing costs. That meant unfortunately let two regular writers of my blog (provisional) until I can judge where revenues can be improved. I enjoy writing so I don't mind taking on extra responsibilities writing for my blog, but it made me analyze my own tasks more.
One of the biggest questions that I had to ask myself when my income dropped was, "how much is worth my time?" If your money from a number of different areas online (for example, affiliate commissions, blogging, flipping websites and domains, etc.), this is not a simple thing to answer, especially if your schedule from day to day changes.
If you have a blog owner and spend a lot of time writing articles for your own blog, there is a more appropriate question: "how much is worth my time as a blogger?" This is something that I was wondering when thinking about the long-term strategy of books for my blog. A portion of my time better spent writing for other blogs and websites?
Find a blog owner who writes a 1,000 word article for his blog every day, but unfortunately has no money to spend to writers. If he would be able to find a good writer would be in his best interest to hire him if he was able to get a job writing for himself in a much higher rate.
For example, if the blog owner got a blogging job that paid him $ 50 for every 1000 word article, they had the funds to hire a blogger at $ 25 per 1,000 word article. The blog owner would of course expect the articles of a similar or better quality of his own. The outcome is published another article on his blog plus $ 25 in profit from his own position.
In economics, this Arbitrationknown as. Arbitration is the concept of benefit from the difference in price between two markets. If someone can exploit this, will their profits are the difference in prices. Those who have dabbled in PPC marketing will be aware of this concept, as it is used by many affiliate marketers to earn via Adsense. (In short, they offer low for certain keywords on PPC services and hope to make a profit when the user clicks on an Adsense ad that pays more.)
Therefore, blogging arbitration can be described as:
The difference in price between the tariff you personally loading as a blogger and the rate that you pay to other bloggers can take on the responsibilities of your writing.
There are a number of things to keep in mind in the application of this strategy:
You must have a note of the time you are writing articles for others to spend. Twice the rate that you get paid is irrelevant if the items you three times as long to write.A bit of time must be reserved as hiring writers for your blog, if it can be time consuming them with advice and guidance, proof read their posts, and then arrange payment email.I do not believe that every blogger more time blogging for others than on their own site should spend. It is important to input into your own blog and not let extra work your blog slow progress.
There are advantages of using blogging arbitration, though. Not only is it an extra way to make money, it also helps promote your own blog. Most blogs have a bio of the author at the bottom of each article where some information about the author and a link to their website can be found. Therefore, writing for other blogs will give you some extra money and traffic back to your blog.
The extra income is something that is vitally important for bloggers who start and are looking for ways to increase their profits, so that the benefits of the use of blogging arbitration will decrease as your blog more success.
However, I think it is an important principle to understand. Have you ever used blogging arbitration? Makes it sound like a tactic that can help you reach your blog more profitable?
Kevin Muldoon is a webmaster and blogger who in Central Scotland. His current project is wordpress Mods; a blog on WordPress themes, Plugins, Tutorials, news and changes.
No comments:
Post a Comment